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Aud-cad

💡Don't miss the great sell opportunity in AUDCADTrading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.96430). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 0.95850 TP2= @ 0.95250 TP3= @ 0.94580 TP4= @ 0.93940 TP5= @ 0.93120 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
23
COT CURRENCY REPORTThis report reflects the COTdata updated until 23 Mar 2021. Overall: With the CFTC data updated until 23 March the JPY showed the biggest decrease of (-14K) and the EUR showing the biggest increase of (+3K). AUD, NZD & CAD: After sizable moves lower with the recent risk off flushes, all three high betas remain bullish in the med-term outlook, and with relatively small net long positions, there is still more room to run. In the week ahead it's going to be very quiet on the data front, but we will have a few events to watch for WTI which could have impact on the CAD such as the upcoming JMMC meeting and more developments with the Suez Canal. Also keep in mind this week we will have month-end and quarter-end, we also have a shortened week due to Good Friday, which means liquidity is likely going to be unfavourable. Thus, even though med-term biases remain intact do watch out for erratic price moves without any real catalyst. JPY & CHF & USD: Another big increase in net-short positions for the JPY. The speed of the move in the JPY has been very excessive in the short-term, with the 1-year z-score printing a 4.5 with this past week's data. That is a very big deviation from the norm, which means we do want to be a bit careful with the JPY from a positioning point of view. Even though the JPY has been at the mercy of moves in US10Y, a sudden move higher from some profit taking is a risk to keep in mind. The Dollar was the star performer last week, pushing higher across the board even while US10Y was pushing lower for the majority of the week. The short-term drivers that has recently affected the Dollar is still very much in play such as yield differentials, better relative growth & inflation dynamics as well as the faster policy normalization expectations for the FED. However, again from positioning, the move in the USD does look stretched in the short-term so keep that in mind going into the new week. GBP: The bias for Sterling remains titled to the upside, especially versus the EUR, where EURGBP managed to close below the important support at 0.8550. This week is going to be very light on the data front, so focus will remain on the overall driver for EURGBP such as vaccine roll out (UK well ahead), growth expectations (UK well ahead), monetary policy (UK far less dovish), fiscal policy (EU still waiting for ratification), new virus cases (rising much faster in EU). EUR: The reasons to expect downside for the EUR has been on the rise recently. Whether we consider the vaccine roll out, or recent virus numbers, or lockdown restrictions, or relative growth dynamics, or policy normalization expectations, all the above point to further downside for the EUR versus the USD and GBP, as well as the high betas. Despite shedding a lot of net long positioning in the past two months, the EUR remains the largest net long position among the majors, which means there is quite a bit of room to run to the downside if the above concerns continue to pressure the single currency. For the week ahead, the focus will be on the incoming US ISM Manufacturing PMI as well as the March NFP report (which is expected to show a sizable jump on the headline). If we see these two data points print significantly higher than expected, it will mean more downside for the EURUSD, which should also be supportive for further EURGBP downside as well.
by thunderpips
21
AUDCAD - ShortPossible short opportunity. Price has been rising in the descending channel. We could see price reject at previous support and the 50.0 fib level. Or, Price could reach resistance of the channel and reject at the 61.8 fib level. The overall trend of this pair is bearish so I am more interested in going short on this pair with 1 of these 2 scenarios described above. As always I will look at indicators and moving averages as well as price action, trend, and fibs in order to give as high a probability as possible. Fundamentals CAD currently strong and so this is likely to push this pair to the downside.
Short
by francesgurton
9
AUDCAD watching to short,watching levels... If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
2
AUDCAD testing a weekly resistance 🦐AUDCAD on the 4h chart is moving inside a descending channel. The price after the test of the weekly support has retraced at the 0.5 Fibonacci level of the previous impulse. According to Plancton's strategy if the price will break below we can set a nice short order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Short
by InkyGrip
8
AUDCAD facing bullish pressure | 25 Mar 2021Prices are facing bullish pressure as it broke out of our descending trend line resistance and are taking support on buy entry which coincides with 50% Fibonacci extension and 78.6% Fibonacci retracement . Prices might bounce towards take profit target which coincides with 50% Fibonacci retracement and 161.8% Fibonacci retracement . If prices push downwards, prices might take support from stop loss level which is in lien with -27.2% Fibonacci retracement an 61.8% Fibonacci extension . Stochastics is also approaching 4.51 level, possible for a bounce, in line with our analysis.
Long
by FXCM
6
AUDCAD facing bullish pressure | 25 Mar 2021Prices are facing bullish pressure as it broke out of our descending trend line resistance and are taking support on buy entry which coincides with 50% Fibonacci extension and 78.6% Fibonacci retracement. Prices might bounce towards take profit target which coincides with 50% Fibonacci retracement and 161.8% Fibonacci retracement. If prices push downwards, prices might take support from stop loss level which is in lien with -27.2% Fibonacci retracement an 61.8% Fibonacci extension. Stochastics is also approaching 4.51 level, possible for a bounce, in line with our analysis.
Long
by FXCM
9
AUDCAD facing bullish pressure, potential for further bounce!Prices are facing bullish pressure from 1st support level which is in line with 50% fibonacci extension and 78.6% fibonacci retracement . Prices might push up towards 1st resistance which is horizontal swing high resistance which is in line with 161.8% fibonacci retracement and 50% fibonacci retracement . If prices fall through 1st support, prices might take support from 2nd support which is in lien with -27.2% fibonacci retracement and 61.8% fibonacci extension . Stochastics is also approaching 5.71 level, potential for a bounce which is in line with our hypothesis.
Long
by TradeGATEHub
5
AUD/CAD SHORT TP HIT FOR 65 PIPS!Good Afternoon everyone, from today onwards im going to be posting daily updates on all our positions taken within forexinsightsuk. We haven't been very active recently due to certain set backs. But we/re back for good now. So a very quick update on this weeks trades placed..So our first trade this week has just hit TP1 and we manually closed TP2 to bank some bigger profits. We are currently up 65 PIPS for the one position on AUDCAD. We entered this trade on monday on a 1 day timeframe so therefore this is our reason that things have taken a little longer than usual to come into play. We also had a position on EUR/GBP which was a short position.. we manually closed out of this in a very small loss and we have just entered another short on CHF/JPY. We will update you all on further progress of this pair later once we start moving. Hope everyone is having a great week! Lets get it guys!!
Short
by Forexinsightsuk
Danske Bank Projections For Next 12 MonthsForeign exchange analysts at Danske Bank expect the US Dollar to gain ground during the year ahead, primarily under the influence of a very strong US economic recovery. After little change on a 1-month view, the Euro-to-Dollar exchange rate ( EUR/USD ) is expected to weaken 0.7% to 1.1800 on a 3-month view. The losses are expected to continue on a 6 and 12-month view with levels of 1.1700 and 1.1500 which represent decline of 1.6% and 3.24% respectively from current levels. The bank also expects steady USD/JPY gains during the forecast period with a sharp upgrade from February’s forecasts. A gain of 1.3% to 110.00 is forecast on a 6-month view with a further advance to 112 on a 12-month view, a gain of 3.2% from the current spot level. Euro Pound Tipped to Retreat Further Sterling is forecast to maintain a solid tone with overall moves influenced strongly by changes in the EUR/USD rate. In this context, the Pound US Dollar ( GBP/USD ) exchange rate is projected to reverse the most recent losses and secure a 1.4% advance to 1. 40 on a 1-month view. Thereafter, the GBP/USD is projected at 1.3900 throughout the 3, 6 and 12-month periods which would represent a 0.7% advance from the current spot rate. With the single currency generally vulnerable, the Euro Pound rate is forecast to post further losses. EUR/GBP is forecast at 0.85 on a 1 and 3-month view, a decline of 1.3% from the current spot level. A further retreat to 0.84 is forecast on a 6-month view with a net loss to 0.83 on a 12-month view, a loss of 3.7% from the current spot level. Commodity currencies are forecast to decline amid a strong US dollar . After a slight rebound on a 1-month view, the Australian Dollar-to-US Dollar ( AUD/USD ) exchange rate is forecast to decline 1.0% to 0.7600 on a 3-month view. A further retreat to 0.73 is forecast on a 12-month view, a decline of 4.9% from the current spot value. A similar pattern is projected for the New Zealand dollar with losses limited by the slide in spot prices recorded today. The New Zealand Dollar-to-US Dollar ( NZD/USD ) exchange rate is forecast to recover 0.9% to 0.710 on a 1-month view. After slight losses on a 3-month view, Danske forecasts a decline to 0.69 on a 6-month view and 0.68 on a 12-month view which equates to losses of 1.9% and 3.3% respectively from current spot levels. The Norwegian krone and Swedish krona not expected to sustain initial gains. The Euro-to-Krone rate is forecast to weaken to 10.00 on a 1-month view, a decline of 1.9%. Thereafter, the rate is expected to recover with no net change from spot levels on a 6-month view and a gain of 1.1% to 10.30 on a 12-month view. The euro is forecast to decline 0.9% to 10.10 on a 1 and 3-month view. The pair is then forecast to strengthen to 10.2 on a 6-month view and 10.4 on a 12-month view, a gain of 0.1% and 2.1% respectively from current spot levels.
by thunderpips
AUDCAD - SWING - 22. MAR. 2021Welcome to our weekly trade setup ( AUDCAD )! - 1 HOUR Market closed above main sr level. 4 HOUR Expecting strong bullish price action. DAILY Bullish market structure about to push towards previous highs. - FOREX SWING BUY AUDCAD ENTRY LEVEL @ 0.96530 SL @ 0.96150 TP @ 0.97070 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
42
AUDCAD looking up 🦐AUDCAD after the long descending downtrend reached and bounced over the weekly support. The price has now reached the upper trendline and according to Plancton's strategy if the price will break above we can set a nice long order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Long
by InkyGrip
2
AUDCAD on a lower low 🦐AUDCAD after the last retracement touches the previous support now turned resistance below a descending trendline. According to Plancton's strategy if the market will break below the minor trendline we can set a nice a short order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
AUD/CAD Analysis - Upside correction/trend continuationWelcome back! Please support this idea with a LIKE if you find it useful. *** AUD/CAD - Currently holding support at 9670. I expect to see a correction to the 50% Fib level and then a trend continuation on the Daily. Price could also re-test previous resistance at 9760 (red zone). We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. On this chart, red zone = potential sell, grey zone = potential buy, white zone = potential take profit target. We also use the tp zones for potential sell/buy. Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
$AUDCAD - Elliott Wave count and some interesting dataHi guys! 👋🏻 🔔 Canadian GDP as per October was 0.1 bp above the expected 0.3% yet still lower than September’s 0.8%, hence the Canadian dollar is weakening these days. As Canada is World’s one of the largest oil exporters, its currency has a major dependency on oil price. Oil demand is decreasing due to the pandemic and with the new virus strain spreading so fast and European countries shutting down their borders, demand for oil decreases. 🔔 Australian dollar, unlike its counterpart CAD, is gaining due to the rising amount of demand for gold. The weakening US Dollar, new Covid-19 variance, US stimulus package might nudge investors to purchase the precious metal. As the Canadian Dollar is dependent on oil, Australian dollar is dependent on gold, as Australia is the 3rd largest Gold producer in the World. 🔔AUD/CAD weekly chart clearly demonstrates where the pair could stop its impulsive uptrend move, the dynamic resistance of March 23, 2013. 🔔 The Elliott Wave count of this pair also suggests the end of the motive at 0.99890. The pair is back inside that descending channel, hence the levels of this channel will play a significant role in price action of AUD/CAD. 🔔 Currently, the pair is testing an important resistance, despite the indication of overboughtness of the pair by RSI, MACD, MA100 and EMA50 acted as a support and signal the continuation of the uptrend. If the pair fails to break the current resistance at 0.97740, it might drop towards 0.96510 but never below that, otherwise the EW count would become invalid. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott